System Alliance Europe sees positive development of network figures and quality The cargo network System Alliance delivered 407,644 t in Q1/2012. In 2011, the network carried a total of 3.36 million consignments, weighing 1.66 million t, in 2011. The Q1/2012 ...
Loan for Serbian motorways Azerbaijan's parliament has approved a EUR 308 million loan to Serbia. The latter plans to use the money for the construction of a stretch of motorway linking its capital Belgrade ...
Vossloh Rail Services and Liezen found joint venture Austria-based Maschinenfabrik Liezen (MFL), a mechanical engineering factory and foundry, has established a joint venture with Vossloh Rail Services GmbH (VRS), headquartered in Ge...
Alpine renewing railway in FYROM The Austrian construction company Alpine, which is part of the Madrid-based FCC group, is set to rehabilitate 24 km of the north-south railway axis in Macedonia for approximately E...
New head of business development air cargo at Leipzig/Halle airport Bernhard Hoffmann is to take over the management of the business development air cargo sector at Leipzig/Halle airport (Germany). He will report directly to the managing director D...
Swissport and Virgin Atlantic Cargo intensify global collaboration The ground handling company Swissport currently handles cargo for Virgin Atlantic Cargo at four online destinations, as well as 45 offline stations across Europe for import handlin...
Toll Group creates and fills new group director business development post Damain Bishop has taken up the newly created role of group director business development and, at the same time, become a senior executive of the Australia-based Toll Group. He repo...
Port of Rotterdam: 3% increase in throughput in Q1/2012 The port of Rotterdam announced that its Q1/2012 throughput came to 110 million t, 3% up on the same period in 2011. Broken down into types of cargo: incoming and outgoing trade in...
Chinese port of Haikou investing USD 380 million in ro-ro terminal The port of Haikou on Hainan Island (China) will spend some USD 380 million on a new ro-ro/pax terminal. The new facility will be located north of the Guangdong-Hainan Oversea Rail...
SIA Cargo expands network with Scoot partnership Singapore Airlines Cargo will add more destinations to its network through an agreement with Scoot to manage its bellyhold capacity. Scoot is a new medium and long haul low-cost ai...
BMI deal completed International Airlines Group (IAG) announced that it has completed the purchase of BMI from Lufthansa. It is planned that BMI Mainline will be integrated into British Airways and c...
New chairman of the board of directors for Freja The Danish logistics service provider Freja has appointed Asbj'rn Berge as chairman of the board of directors. Freja's founder J'rgen J. Hansen, who previously held this posit...
Ceva Logistics opens new freight management office in Romania Ceva Logistics, a logistics and SCM specialist, has opened new premises in Bucharest (Romania), thereby strengthening its freight management platform in Eastern Europe. Strategical...
OBI Poland awards warehousing and distribution business to Kuehne + Nagel OBI, one of the leading retailers for home improvement in Poland, and Kuehne + Nagel have entered into a two year warehousing and distribution contract. Since 2007, Kuehne + Nagel ...
JCL Logistics expands facilities in 's-Heerenberg The Austrian logistics company JCL Logistics Benelux in 's-Heerenberg, (NL), is opening its new 16,000 sqm distribution centre for delivering the products of the Taiwanese bicycle ...
Gounon digs deeper Eurotunnel chairman outlines plan to target ferries and rail freight
Titan lands Costa Concordia wreck removal Year-long salvage operation to begin early in May
'I am the IMO secretary general, nothing more, nothing less' Four months into his tenure, how is Koji Sekimizu getting on?
Arctic development drives demand for tougher ship design rules Lloyd's Register finalises rules for stern-first ice-class vessels
Siberian gas deal increases demand for ice-class LNG ships Gazprom and Novatek in tie-up to increase natural gas production from the Yamal and Gydan peninsulas
Offshore energy support vessels need more research Such vessels would require exact information on weather and ice conditions to work
VLGC rates top $50 per tonne Chartering rises as Middle East producers bring more cargoes to market
Torm reduces share capital to almost worthless levels Shareholders voted today on severe reduction in share capital allowing debtors to take a stake in company
Greece needs better shipping administration, says Brussels Flagging out trend could hit shore based jobs, European Commission report warns
UASC sells 1983-built boxship at strong scrap rate Hammurabi sold for $6.3m to Indian shipbreakers
Japanese shipowners seek state insurance for Iran oil shipments Tokyo government to be asked to follow India and China in preventing sanctions from disrupting supplies
Turkish breakers buy three Ukrainian general cargo vessels Europe's largest recycling centre continues 'hot streak' of purchases
Titan win Costa Concordia contract highlights need for salvage investment
Torm invites offers for product tanker Sale reflects continued interest in secondhand tonnage
Saadé -Offen spat unresolved Longstanding dispute over newbuilding contract still not settled, say sources
Liverpool puts Penning under pressure over cruise terminal City council leader expresses concern over delay in approval for turnaround operations
Standard Chartered to expand fleet Bank's leasing unit eyes four deals
Lobby urges EU to ring-fence infrastructure funds Alliance slams Trans-European Transport Network policy review
Bockstiegel denies arms to Syria reports Atlantic Cruiser carrying seismic explosives to Montenegro, claims owner
Rival providers seek IMO backing on armed guard regulation Maritime Security Committee will meet next month
French state in talks to invest in CMA CGM Sovereign wealth fund said to be pumping in close to $200m
Pirate attacks fall sharply in first quarter Concern mounting over West Africa after attacks double in Nigeria
New vessel categories for Panama Canal Additional segments established as ACP proposes toll increases
Investigation launched after video of armed guards shooting goes viral PMSC's use of force may end in legal action
Maersk resumes Europe-Asia bookings Early move follows improved demand
Costa Concordia sparks EU safety shake-up Unnecessary access to bridge to be restricted
Fight for low-sulphur respite: TT-Line boss FERRY and shortsea carriers in the North and Baltic Sea trades should redouble their campaign for a postponement of more stringent sulphur limits for marine fuels, the managing director of German ferry operator TT-Line urged today
DFDS moves to bond market with NK500M issue DFDS, the Danish shipping and logistics group, says it has widened its funding base and issued a four-year NK500M ($86M) unsecured bond on the Norwegian market
Fresh call for German state loan guarantees A LEADING German chartering broker for container feeder and shortsea single-decker tonnage is urging the federal government to provide state loan guarantees for non-performing shipping loans
Rickmers Maritime Trust profit down 12% SINGAPORE-listed Rickmers Maritime Trust said today that its first-quarter profit dropped 12% year-on-year to $8.24M
CSSC profits and revenues drop CHINA CSSC Holdings, the second Shanghai-listed subsidiary of state-owned China State Shipbuilding Corp, has reported a 16.5% fall profits to RMB2Bn ($330M) for 2011
Sweden's Transatlantic to stem 'Industrial' losses REDERI AB Transatlantic, the Swedish ro-ro, bulk and offshore vessel operator, will initiate efforts to stem losses at its Industrial Shipping business that accounts for 48 of the 62 vessels operated by the company
Greeks to leave Torm board THE three Greek members of the nine-strong board of DS Torm, the troubled Danish product tanker and dry bulk shipping company, will not stand for re-election at an EGM today after the company unveils heavy dilution of existing shareholders' stakes
Trans-Pacific rates continue rise TRANS-Pacific box rates continue to rise as the rate increases proposed by liners continue to hold up
Panama Canal looks at hiking tolls in July THE PANAMA Canal Authority board of directors has presented a proposal to raise tolls in July 2012 and in July 2013 and increase the number of vessel segments from eight to 11 by Panama Canal vessel type
NYK Line: 2012 losses up, but profit in 2013 NYK Line predicts more losses before returning to profitability for the fiscal year ending in March 2013
Somali piracy drops by half PIRACY attacks off Somalia this year have halved compared with the same period of 2011, according to the IMB's quarterly figures released today
CN Profit Jumps 16 Percent on Strong Revenue Canadian National Railway profit in the first quarter jumped 16 percent year-over-year to $781.3 million, as the largest Canadian railroad...
Dynamex Launches Truckload Operation Same-day carrier Dynamex is launching a truckload division, Dynamex Truckload Services, to haul larger, heavier freight for its shipper customers....
Diesel Prices Fall at Sharpest Pace Since December Diesel prices across the U.S. fell the most since mid-December, dropping 4.2 cents in the week ending April 23 as...
European Air Cargo Confidence Index Improves Confidence regarding European air cargo improved slightly in April from the month before, but shippers and forwarders view most lanes...
Forward Air Profit Soars 30.6 Percent Net income at Forward Air in the first quarter soared 30.6 percent to nearly $10.3 million, as the air freight...
Fairstar Heavy Transport Spurns Dockwise Bid Norway's Fairstar Heavy Transport spurned an unsolicited takeover offer from Dutch heavy-lift shipping rival Dockwise. Fairstar, quoted in Oslo...
Indonesia Container Terminal Project Gets Green Light A presidential decree has cleared the way for the construction of new container terminals at the Port of Tanjung Priok,...
French Fund Expected to Invest $195 Million in CMA CGM France's sovereign investment fund is weighing a $195 million stake in CMA CGM, the country's largest ocean container carrier, according...
CMA CGM, Emirates Shipping Line Enter VSA CMA CGM and Emirates Shipping Line entered a vessel sharing agreement to jointly operate two container services connecting the Middle...
Freight Volume Slips 0.4 Percent at Hong Kong Airport Cargo volume through Hong Kong International Airport dipped 0.4 percent year-over-year in March, to 368,000 metric tons, despite a 5.2...
Japan Waives $3.7 Billion in Myanmar Debts Japan has written off more than 300 billion yen ($3.7 billion) of Myanmar's debts, paving the way for the financing...
West Africa Seen Growing Piracy Hot Spot Pirates are increasing their attacks on the maritime trades off West Africa, according to the latest global piracy report released...
Roadrunner Acquires Trucker D&E Transport Roadrunner Transportation, one of the fastest-growing U.S. trucking companies, acquired flatbed carrier D&E Transport last week for about $11.2 million....
Japanese Ship Orders Rise 8.6 Percent Orders at Japanese shipyards rose for the first time in four months in March on a year-on-year basis, increasing 8.6...
Fixing Broken Chassis System Proves Elusive Viewed from 30,000 feet, broad trends in intermodal chassis supply are easy to see: more chassis pools, fewer...
Containerized Exports Gain Steam Wastepaper exports to China often are a leading indicator of import container volume. A large portion of scrap paper shipments...
Economic Indicators Show Growth in Freight Spring arrived early, in more ways than one, for shippers, carriers and transportation intermediaries serving the U.S. market. After a...
Will Drop in Coal Shipments Leave Rails Black and Blue? The impact of declining coal business on East Coast railroads may have been greatly exaggerated, but the recent sharp fall-off...
Truck Drivers Better Off Unemployed? Ask a trucking CEO why it's so hard to hire drivers, and extended unemployment benefits will likely be the first...
Pay Gap Widens for Truck Drivers The number of drivers employed handling big rigs in the U.S. climbed last year for the first time since 2008,...
West Coast's Share of US Container Trade Dips The West Coast came in last among the three coasts in year-over-year percentage growth in the U.S. 2011 container trade,...
Rail Projects Engineering Growth on West Coast Intermodal rail service from West Coast ports involves much more than placing a marine container on a train in Los...
Evergreen Joins Mega-Ship League For five years, Evergreen Line stayed on the sidelines as its rivals among the top 20 global ocean carriers swept...
Fraser Puts Horizon on Calmer Financial Seas It's been a wild year for Horizon Lines and Stephen H. Fraser, the executive who has led the largest Jones...
FMC Considers Container Rate Index for Exports U.S. exporters searching for clarity and transparency in helping to form shipping decisions soon may have a new research tool,...
FMCSA Struggles to 'Brake' Unsafe Carriers When the end came for J&A Transportation, the only surprise was how long it took. Federal regulators closed the trucking...
Transalpine freight traffic still struggling The European economic downturn that began in autumn 2011 continued in Q1 12 according to Hupac. Its overall rail traffic across Europe, mostly consisting of swapbodies, ...
Piracy in West Africa in 'dangerous territory' The latest figures published by the International Chamber of Commerce (ICC) International Maritime Bureau's (IMB) piracy reporting centre covering Q1 12 show that ...
Evergreen/CSCL and ZIM to bring back Asia/N Europe service Evergreen, CSCL and ZIM Line intend bringing back their joint CES2/AEX2/AX2 service between Asia and northern Europe on May 17, 2012. It will deploy nine vessels ...
PSAI and ABG JNP deal breaks up Reports are circulating that the partnership between Singapore-based PSA International (PSAI) and Mumbai-headquartered ABG Ports to build a fourth box terminal ...
Evergreen upgrades its Libya link Further signs that the Libyan economy is recovering and reconstruction projects picking up can be seen from Evergreen's decision to raise the frequency of its shuttle ...
Macquarie Securities warns on outsourcing Macquarie Securities, the Australia-based investment banking group, is the latest to warn that outsourcing to Asia by US and European firms may be slowing and that ...
Private equity pounces Connecticut-based Alterna Capital takes four MR newbuilds at STX as 'smart money' deals keep building.
Security giant looks seaward G4S hires former Royal Navy commander Martin Ewence as it moves to develop armed guarding and other areas of shipping security
Pirates free Marnavi tanker An Italian ship hijacked off Oman in December has been released, officials say.
Leevac wins tug work Louisiana shipbuilder to construct two Z-Tech 2400 ships for Houston operators.
Tanker blast hits Zhuhai Three crew safe following explosion and fire on ship in China; fuel spill reported.
Kawasaki Kinkai looks up K Line's coastal shipping unit raises annual profit forecast as revenue improves.
Rem adds to Kleven tally Age Remoy-led offshore owner pens $95m subsea vessel at its favourite shipyard.
Srab fleet to be sold Future of loss-making Swedish tanker owner in the balance as bank cancels loan for its three ships.
Marco Polo in bunker push Singapore-listed firm joins forces with Marine Tankers in a bid to tap another growth market.
Rickmers profit dips Singapore-listed trust happy with positive start to 2012 despite its bottom line slipping by over a tenth.
John Savage boosts Galbraith's UK broker brings in former AET and Sovereign man to head aframax desk, while Keith Amato joins the board.
Evercore sees ORIG value George Economou's drilling venture tipped for profit rise and share spike when magnate dilutes holding.
Crewman feared dead US Coast Guard calls off search for seafarer who fell from Portunato vessel in Columbia River.
Villy loses grip on Torm Greek magnate to leave the board as his majority stake is sliced to a minimal level by restructuring effort.
Crewman reveals torture ordeal Ukrainian tells US trial that pirates threatened to execute him at knifepoint on board Germany's Marida Marguerite.
Markets soften in Northern Europe Good bunker demand in Hamburg.
Prices mainly down in Fujairah Good demand and avails in Fujairah.
New US Bunker Manager at GAC Bunker Fuels Maurice Lara has joined GAC as its Bunker Manager for East Coast USA.
Torm says deal on debt could be signed within six weeks 'Imperative for the company to reach a solution as soon as possible.'
LNG prices could climb on the back of infrastructure costs But LNG 'an attractive alternative' for ships operating on fixed routes.
Asian bunker prices continue downtrend Prices fall across most Asian key ports except Japan's Tokyo Bay.
Agreement to install 'world's largest multi-stream scrubber system' Scrubber retrofit on Ro-Ro vessel to be followed by measurement and verification programme over two and a half years.
Credit risk management helps WFS to navigate volatile market Able to increase market share in 2011 despite instability in the market, it says.
Salvors awarded contract to remove Costa Concordia wreck US based salvors, in partnership with an Italian firm, will take about a year to remove the wreck, says owner Costa Crociere.
UASC takes delivery of eighth 'green' box ship Cost savings from environmentally-conscious technology will be 'significant', says President and CEO.
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